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SEC Still Stalling On Crypto ETFs But UK's First Bitcoin ETP Looms


Last Updated: 02 June 2021
Crypto ETFs in the US are piling up at the Securities and Exchange Commission (SEC) with multiple submissions awaiting approval. The reason the financial watchdog is showing hesitance towards launching ETFs has not been stated explicitly, but it could be concerned with how to protect investors, given the volatile nature of the crypto market, and the lack of surveillance on crypto exchanges.
Just last week, Gary Gensler, Chair of the SEC, talked about financial services in a House Committee, where he stated that the market is full of gaps in investor protection. He also said that no cryptocurrency exchange in the US had registered its official service offerings with the commission. ....

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TheStreet Crypto: When Bitcoin ETFs Come Out and What You Need to Know - The Street Crypto: Bitcoin and cryptocurrency news, advice, analysis and more


A Bitcoin ETF could be on the horizon, but what does that mean for Bitcoin?
Bitcoin ETFs have been hot topics over the years. Many speculated that such an asset would help to introduce more traditional investors to Bitcoin. More attempts have been made to get Bitcoin ETFs to market as of late, and they are now more likely to happen than ever.
Fast Facts:
Recent proposals for Bitcoin ETFs have been made by VanEck, Valkyrie, NYDIG and Fidelity.
Attempts for Bitcoin ETFs have been made since Cameron and Tyler Winklevoss made a proposal in 2013 that was later rejected by the SEC. ....

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